Fine Technix Reports Q1 2026 Operating Loss of KRW 1.15 Billion, Sales Down 21% - Continuing Losses

Consolidated Q1 2026 sales KRW 8.98B (down 21.2% YoY), operating loss KRW 1.15B (similar to prior year), net loss KRW 2.02B
Separate sales KRW 8.94B (down 18.3% YoY), operating loss KRW 1.42B, net loss KRW 1.82B
Total borrowings KRW 34.51B, cash KRW 4.03B, net debt KRW 30.48B, debt ratio 167.3%
Net loss attributable to parent KRW 2.19B, EPS loss KRW 98
One pending lawsuit (KRW 81.4M)
April 2026: Major shareholder change agreement (Orbitech to Seongjin Holdings)
Tax penalty KRW 755M from audit, 50% paid in January 2026
R&D spending KRW 322M (3.59% of sales), developing sleep care lighting etc.
No dividend, no share buyback/cancellation plans